Job Title
Senior Asset Manager
Employment Type
Full Time
Experience
5 to 7 years
Salary
R80000 to R120000
Job Published
19 April 2024
Job Reference No.
67930130

Job Description

Senior Asset Manager 

Market-related Salary 

Cape Town, Western Cape

A renewable energy  company in Cape Town is seeking a Senior Asset Manager with expertise in the commercial management of utility-scale solar and/or wind projects to join our expanding asset management team. This role involves overseeing a portfolio of assets, currently comprising a 150MW utility-scale project under construction and an operational C&I portfolio of 35MW with
16 assets across the country. The responsibilities encompass managing all commercial aspects of these assets from Financial Close through Construction and Operations with specific emphasis on risk mitigation. Additional assets are anticipated to be incorporated into this portfolio over time.

Responsibilities 

Technical

  • Oversee the administration of the portfolio’s funding vehicles and project companies, managing accounting, legal, financial, insurance, and tax functions.
  • Administer and enforce project, corporate, and finance legal agreements.
  • Supervise construction drawdowns from debt and equity providers.
  • Ensure timely debt repayments and equity distributions.
  • Provide regular reports to shareholders and lenders on both construction and operational assets.

Administrative/Operational

  • Handle a multitude of legal and compliance matters across various projects and project companies.
  • Ensure compliance with financial covenants in finance agreements.
  • Interpret and maintain complex project finance models.
  • Conduct monthly, quarterly, and annual consolidation of project and holding companies as required.
  • Coordinate audits for project companies and funding vehicles in conjunction with the finance team.
  • Drive operational efficiency in projects and business processes.

Key Performance Indicators
? Report Compliance Rate (RCR)
? Asset performance variance against expected of portfolio
? Portfolio performance against debt convents (DSCR, LLCR, etc)

Qualifications and Experience 
? Bachelor's Degree in Finance, Accounting, Legal or Engineering Degree with
advanced solar and/or wind knowledge.
? Preference for candidates with Chartered or Professional Accountant qualifications.
? Minimum 5 years’ experience in infrastructure asset management environment
with exposure to project financed deals.
? Experience as an asset manager within Renewable Energy would be highly
advantageous.
? Knowledge and application of relevant compliance requirements with complex
contractual entities.
? Must be fully proficient in English (verbal and written communication)
? Must be fully computer literate (MS Office Suite and Google App Suite)
? The ideal candidate will be passionate about the renewable energy industry and will embody respect and responsibility in the full sense of the word, while enjoying contributing to a team of highly knowledgeable professionals.

  • Assess a spectrum of commercial, financial, environmental, social, and technical issues, taking necessary actions with input from relevant team members
  • Assess project risks and implement appropriate mitigations.

 

 

Skills

Industries